Ferrari will not build low-cost coupe

Creating downmarket cars is all the rage these days for exotic carmakers, but Ferrari says has no plans to jump on that bandwagon. Recent rumors suggested the company might build a new "Dino" coupe as a part of the so-called "Project California," however that no longer looks likely. According to Amedo Felisa, the company's Deputy Managing Director, the idea was recently considered, but the Italian automaker decided against it. The AutoTelegraaf magazine says the $175,000 Ferrari F430 will remain the company's base model for the foreseeable future.